It said its turnover grew 71% on the year, to RON42.6 million, of which RON40.9 million were sales of merchandise.
The company had total assets of RON21.3 million at the end of 2020, up 128% on the year.
Debt was the company’s main financing source in 2020, accounting for 60.72% of total liabilities.
Last week the company listed its first corporate bond issue on the Bucharest Stock Exchange under the ticker symbol HUNT23. The issue has a nominal value of RON7 million and includes 70,000 bonds with a 3-year maturity and a face value of RON100/ bond. The bonds were issued in November 2020 and have a fixed interest rate of 8.75% per year, payable half-annually.
iHunt will soon list a second bond issue (HUNT25) with a nominal value of RON7 million following a private placement at the end of January, which was oversubscribed by 23%.
Company founder and CEO Cezar Stroe holds 74.28% of the company’s shares and his father, Corneliu Stroe, holds 5.15% of the shares. The difference of just over 20% of the shares is in the portfolios of other investors.